Multipartner Financing Facility for the Highlands Highway (ADB-48444-002)

Countries
  • Papua New Guinea
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Papua New Guinea
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 680.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,015.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 31, 2017

Disclosed by Bank Sep 30, 2016


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Project Description
The Highlands region consists of seven mountainous landlocked provinces with high agricultural production of fresh produce and cash crops, mainly coffee, tea, and cocoa, contributing a third of PNG's gross domestic product; and mineral and petroleum resources accounts for nearly 80% of national exports. The 1,200 km long 2-lane rural Highlands Highway is the lifeline for the Highlands region connecting 1,800 km of regional and feeder roads servicing about 3 million people, of whom 85% are rural, and transferring goods. The Highway connects the Highlands region to the coastal provinces and the country's main port in Lae.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Department of Works P.O. Box 1108 Boroko, NCD Papua New Guinea ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main